The carbon black monomer factory has the highest production capacity in the world, and the domestic company with the highest production capacity for a single production line focuses on the production and sale of carbon black. The sales revenue of carbon black accounts for more than 97% of total operating income. The main products are carbon black, including N100, N200, N300, N500, N600, and N700. Currently, seven wet granulated carbon black production capacity is 180,000 tons/year. The carbon black monomer plant has the highest production capacity in the world, and the production capacity of a single production line is the highest in the country. The economic scale of the supporting exhaust gas power generation unit currently has an installed capacity of 21MW. In 2009, the domestic market share of carbon black was 9.02%, ranking third in China. The concentration of China's carbon black industry will further increase, and the production capacity concentration of China's carbon black industry is not high. According to statistics from the Carbon Black Branch of the China Rubber Industry Association, the total production capacity of China's carbon black industry at the end of 2007 was 3.1 million tons. The sum of the production capacity of the top 8 carbon black companies accounted for about 35% of the total production capacity; the sum of the production capacity of the top 3 carbon black enterprises accounted for about 21% of the total production capacity. Judging from the rules of international development, the concentration of production capacity in China's carbon black industry will further increase. According to statistics from the Carbon Black Branch of the China Rubber Industry Association, from 2004 to 2006, the production capacity of carbon black enterprises below 30,000 tons/year had dropped from 36% to 24%, while the share of carbon black enterprises over 80,000 tons/year of production capacity had risen from 28% to 50%. Judging from the characteristics of the development of China's carbon black industry, through structural adjustments within the industry, the concentration of production capacity in the carbon black industry will be further increased. The company, which has strong technical advantages, uses large-scale new process reactors. The 40,000 tons/year carbon black production line, which was put into operation in October 2007, is currently the largest hard carbon black production line in China, and the production capacity of a single furnace can reach 120 tons/day. The production unit is equipped with an online high temperature air preheater of 850 ℃ to 900 ℃ and a raw oil preheater of 260 ℃ to 280 ℃, which have the advantages of energy saving and consumption reduction; the company uses a self-designed carbon black reactor to achieve high production, high quality and low consumption of the product. The company has the lowest energy consumption per unit of carbon black, which is 2.005 tons of standard coal/ton of carbon black, while the domestic advanced level is currently 2.15 tons of standard coal/ton of carbon black. Exhaust gas power generation realizes resource recycling. The company's carbon black production capacity is 180,000 tons/year. It has the economic scale to build supporting exhaust gas power generation equipment. Currently, the installed capacity has reached 21MW. While saving energy and environmental protection, it not only guarantees the self-supply of all electricity produced by carbon black, but also enhances the company's profitability, achieving a good economic benefit profit forecast and valuation of energy saving and efficiency. We predict that the company's 2010-2012 EPS will be 0.59, 0.75, and 0.89 yuan respectively, giving the company a price-profit ratio of 22-25 times that of 2010. The company's reasonable value range is 13 yuan to 14.8 yuan.